Auction funding

Clay Sparkman
As you probably know, we work with a lot of people who are doing quick flip properties/projects. That means: buying low, generally fixing up (though not always), and then selling fast, at a fair price, for a nifty profit.
Until now, we have made many such loans, and we have done so as follows: 5 [...]

Clay Sparkman
Most likely you have clients who buy distressed properties from time to time–with the intention of making a profit–and need a source of funding to fuel their activities. There are three common ways to buy distressed properties: pre-auction, auction, and post auction (generally referred to as REO). Most investors are forced to buy either [...]

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About

This blog deals with all aspects of placing private money loans, including: deciding which loans are a good fit for private money, lender selection, loan packaging and submission the underwriting process, getting your loans accepted, broker compensation, marketing, and much more.

Bio

I am Vice President of Fairfield Financial, and I have been coordinating private money loan transactions since 1992. I hold an MBA degree from Portland State University and a BS in Economics and Computer Science from the University of Oregon. I have two active blogs: The Private Money Investor and The Private Money Broker.